SiteMinder

JULY 13, 2024

What is hotel revenue management? Hotel revenue management is the strategic distribution and pricing tactics used to sell perishable room inventory to the right guests at the right time in order to boost revenue growth. What is the primary purpose of revenue management? Why is revenue management important for the hotel industry?

Revenue Management 98

Revenue Management Revenue Management OTA 98

Hotel Speak

JULY 19, 2024

Whether you accept transient or group business to your hotel is more than just a revenue management question. It’s also a risk management question. And what is the philosophy of the hotel, the ownership, the general manager, and other stakeholders? When I worked as a revenue manager in Vancouver, that was my strategy.

Revenue 85

Revenue Management Revenue Management Average Daily Rate 85

Inn Quest

SEPTEMBER 5, 2023

At a glance: What is Hotel Inventory Management? Managing your hotel’s inventory efficiently can significantly impact your bottom line, guest satisfaction and overall operational effectiveness. Firstly, What is Hotel Inventory Management? These are managed as inventory and must be scheduled and priced accordingly.

Management 87

Management Overbooking Revenue Hotels 87

Hotel Management

AUGUST 8, 2024

“Our recent member survey showed just how important WHM visitors are to Australia’s tourism economy with half of businesses saying they are vital employees and more than half saying they are a vital visitor market,” said ATEC Managing Director, Peter Shelley.

Tourism 130

Tourism Hospitality Target Marketing Business 130

SiteMinder

OCTOBER 29, 2024

What is a property management business plan? A property management business plan is a document created by property managers or business owners to outline strategies and goals for managing and growing a property management company. Table of contents How important is a property management business plan?

Business 59

Business Management Target Marketing Revenue 59

Xotels

APRIL 3, 2024

We have written extensively about hotel revenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotel revenue management consulting company.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Hotel Business

JANUARY 15, 2025

We often see management companies investing heavily in front-of-house technology to enhance the guest experience and drive repeat business and revenues, Henrik Shimony, cofounder/ CEO, Reeco, and a former hotelier, told Hotel Business in an exclusive interview. Shimony didnt believe it was possible for a platform like this to exist.

Operations 59

Operations Resorts Hospitality Management 59

Hotel Business

JANUARY 16, 2024

Wurzak Hotel Group has expanded its services to include third-party hotel management services for additional ownership groups in strategic markets. “We have historically focused on managing hotels for a select group of owners,” Jake Wurzak, co-CEO of Wurzak Hotel Group (WHG).

Services 64

Services Management Target Marketing Operations 64

Refine

OCTOBER 9, 2023

From pricing analysis to targeted marketing, from occupancy rates to guest engagement, every hotelier knows that metrics are important – but how do you sort the interesting from the invaluable? Hospitality is awash with data. What to Do with the Hotel Data?

Target Marketing 105

Target Marketing Occupancy Hotels Marketing 105

Hotel Management

JUNE 20, 2024

“We have a very ambitious target to triple the number of hotels from 80 to 250 by 2035. The majority of [new hotels] will be outside Japan, and Australia is one of the key target markets. Japanese hospitality meets western management. Read this interview in the latest issue of HM.

Resorts 147

Resorts Hotels Target Marketing Tourism 147

STAAH

DECEMBER 12, 2023

During peak holiday periods, consider adopting a revenue management system that factors in various parameters such as historical booking data, competitor pricing, local events, and even weather forecasts. This strategy not only secures bookings but also helps in revenue forecasting and inventory management.

Target Marketing 104

Target Marketing Cancellation Revenue Forecasting 104

Demand Calendar

APRIL 3, 2023

According to an article by STAAH, a New Zealand-based technology company specializing in cloud-based channel management and booking engine for accommodation providers, no set formula for an optimal distribution mix applies to all hotels. Achieving the optimal distribution mix for a hotel is a complex task.

Target Marketing 98

Target Marketing Accommodation Services Management 98

A Sales Guy

SEPTEMBER 8, 2014

My boy Bob made it his mission to close a client that I had dismissed as not our target market and not a good fit. He’s responsible for managing the account AND recruiting. It wasn’t out target market, as they weren’t technology. When people make something their mission, s**t gets done.

Target Marketing 118

Target Marketing Sales Hiring Pipeline 118

Hotel Management

SEPTEMBER 24, 2024

The hotel sector is a major target market for many businesses. The post AHICE Aotearoa draws top hotel executives to Christchurch appeared first on Hotel Management. L-R Tony Ryan (Trilogy Hotels), Luke Moran (LA Co.) Hotel issues have an inevitable impact on supplier businesses as well.

Events 147

Events Hotels Target Marketing Accommodation 147

STAAH

OCTOBER 15, 2024

As technology continues to advance, hotels have transformed the way they manage daily tasks and interact with guests. Property Management System (PMS) A Property Management System (PMS) is the heart of hotel operations, handling everything from reservations and check-ins to billing and room assignments.

Operations 108

Operations OTA Overbooking Revenue 108

Amadeus Hospitality

JANUARY 9, 2025

Assess whether the program aligns with your hotel’s offerings and target market. Explore the Latest Trends in Hotel Sales Interested in exploring the latest trends and strategies in hotel sales and event management , based upon insights from industry experts?

Hotel Sales 85

Hotel Sales Sales Events Hotels 85

Hotelogix

AUGUST 6, 2024

Moving from merely managing hotel revenue to maximizing profit is a critical transformation that ensures your property's long-term success. This shift requires a comprehensive approach integrating cost control, strategic marketing, and top-notch guest services. Run targeted marketing campaigns to attract high-value guests.

Revenue 52

Revenue Management Upsell Target Marketing 52

Hotel Management

DECEMBER 20, 2023

A lot of the target [market] was around project-focused corporate opportunity. The post Exclusive: Veriu Group CEO talks Collingwood success, mixed-use developments, office conversions and more appeared first on Hotel Management. Is it mostly corporate guests or are you seeing much on the leisure side? It is a mix.

Construction 267

Construction Shopping Pipeline Occupancy 267

SiteMinder

MARCH 17, 2025

Theyre responsible for key areas such as staff management, guest satisfaction, and financial performance, all while aligning the hotels activities with broader business goals. The title can varysome properties use terms like hotel manager, lodging manager, or director of hospitalitybut the core responsibilities remain the same.

52

52

Little Hotelier

FEBRUARY 11, 2024

Inspired by Japanese architecture and Indonesian culture, the gorgeous villa is expertly run by General Manager Wan Fikrie. Little Hotelier spoke with Wan about the property’s goals and the need to utilise market-leading software. One of the key benefits is being able to easily manage reservations and guest information,” explained Wan.

Revenue 98

Revenue Target Marketing General Manager Dining 98

gcommerce

AUGUST 27, 2024

When it comes to luxury hospitality, every empty room represents a missed opportunity and mastering the art of revenue management is paramount. The role of revenue management in luxury hospitality At the core of revenue management lies the art of optimizing room rates and availability to maximize revenue.

Revenue Management 52

Revenue Management Revenue Management Digital Marketing 52

SiteMinder

AUGUST 1, 2024

Here’s what to include in your executive summary: Hotel concept: Briefly describe your hotel’s unique features, target market, and overall vision. Marketing strategy: Highlight your key marketing initiatives, such as online advertising, social media engagement, or partnerships with travel agencies.

Business 95

Business Revenue Hotels Occupancy 95

Hotel Management

AUGUST 17, 2023

This allows AirAsia Super App to present more cross-sell marketing opportunities and increase visibility for each hotel partner in reaching the right target market.” The post Review: test driving AirAsia’s Superapp for business and leisure travellers appeared first on Hotel Management.

Business 130

Business Travel Target Marketing Marketing 130

Little Hotelier

JULY 16, 2024

What is hotel inventory management? Hotel inventory management is the practice of ensuring your room inventory is sold efficiently and effectively for the best possible results. This means managing supply and demand to hit your desired occupancy rate while also maximising the revenue returns for your business.

Management 52

Management Hotels Revenue OTA 52

Little Hotelier

FEBRUARY 25, 2024

What is revenue management consulting? Revenue management consulting is specialised expertise that a business can bring in to gain guidance on managing and optimising revenue. An investment in hotel revenue management services is therefore one that can quickly deliver an attributable return.

Revenue Management 52

Revenue Management Revenue Services Management 52

Hotelogix

JULY 11, 2024

In this blog, we will delve into different aspects of hotel revenue management and explore top tips and tricks to help you optimize your hotel’s revenue potential.    What is Revenue Management in Hotels? E nhanced operational efficiency: Streamlining revenue processes can improve resource utilization and cost savings.

Revenue Management 52

Revenue Management Revenue Management Hotels 52

SiteMinder

JANUARY 8, 2024

What is hotel management? Hotel management is the practice of overseeing every operation of the business to ensure consistent growth and development. Successful hotel management is about being able to adapt and meet challenges within a range of roles and responsibilities.

Operations 59

Operations Management OTA Hotels 59

eZee Absolute

MAY 13, 2024

Well, the answer lies in how well you’re using your Hotel Revenue Management System (RMS) reports. Don’t worry, this blog post will be your guide to understanding the top RMS reports every revenue manager needs to know. And you wonder what you must be doing wrong, right? RMS reports are like secret weapons for hoteliers.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Hotel Speak

OCTOBER 24, 2024

San Diego, CA – Cloudbeds has today revealed plans to become the world’s first property management system (PMS) to connect every facet of hotel operations into a single intelligence network, powered by causal and multimodal AI. Cloudbeds Intelligence will unlock new revenue potential for hoteliers across every aspect of their business.”

Upsell 105

Upsell Hospitality Cancellation Forecasting 105

Social Hospitality

MARCH 27, 2023

Once you’ve gathered these insights, you can reference them directly while marketing your products to your ideal customers, creating a more personalized message and increasing the likelihood of customers converting. Suppose you sell a beauty product.

Cost Per Click 130

Cost Per Click ROI Market Research Target Marketing 130

Hotelogix

NOVEMBER 28, 2024

Hotelogix Hotel Management System Hotel market segmentation is essential for tailoring marketing strategies and enhancing guest experiences by identifying and targeting specific customer groups. Successful hotel growth heavily relies on understanding and catering to distinct market segments.

Hotel Marketing 40

Hotel Marketing Marketing Market ROI 40

Catala Consulting

JANUARY 8, 2024

Introduction Revenue Management Systems (RMS) are the cornerstone of modern hospitality and travel industries. The Beginnings: 1970s and 1980s Origin in Airlines : The concept of Revenue Management originated in the airline industry post-deregulation. They primarily helped in setting room rates and managing reservations.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Hotelogix

OCTOBER 4, 2024

In today’s competitive hospitality industry, managing bookings efficiently can make or break a hotel's success. For small and mid-size hotels, having the right OTA ( Online Travel Agencies ) channel manager is critical. What is a Channel Manager? 

OTA 52

OTA Management Overbooking Revenue 52

Hotelier Magazine

DECEMBER 17, 2024

This illumination is facilitated with hotel market segmentation, a key component of a viable hotel revenue-management strategy. IHG is a great practitioner of market segmentation, says Tarandeep Singh, regional VP of Commercial, Marketing & Revenue Management, Canada, IHG Hotels & Resorts.

Revenue Management 52

Revenue Management Revenue Market Marketing 52

STAAH

FEBRUARY 21, 2023

Every hotel has an optimal distribution channel mix – meaning that channels are selected and managed in such a way that they will drive optimal profitability for the hotel in the long run. It’s an area where distribution and revenue managers spend most of their time. 2) Data sources.

Hotels 98

Hotels Target Marketing Management Revenue Management 98

Little Hotelier

JANUARY 19, 2025

They simplify the often complex world of revenue management , giving you a reliable foundation to build upon as you grow your confidence in managing rates. Heres a breakdown to make it manageable: Operating costs: Ensure you cover fixed and variable expenses such as utilities, staffing, and maintenance.

Rack Rate 52

Rack Rate OTA Revenue Hotels 52

Inn Quest

AUGUST 15, 2023

At a glance: – Understanding the Hotel Channel Management Landscape – What Is A Hotel Channel Manager? – Technical Features of A Hotel Channel Manager – How To Choose The Right Hotel Channel Manager For Your Hotel? – What Other Systems Can You Use With A Channel Manager At Your Hotel?

Management 52

Management Global Distribution System Overbooking OTA 52